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General bookkeeping question

 
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cafebookkeeping



Joined: 20 Oct 2010
Posts: 18

PostPosted: Wed Nov 10, 2010 2:49 pm    Post subject: General bookkeeping question Reply with quote

If a business has 2 bank accounts and transfers money from one account to the other and vice a versa, is this recorded in the general journal?

Both accounts pay for business expenses however one account is the personal account. Can I still claim bank fees etc from the personal account which is pretty much a business account?

Appreciate any help,

Thanks Jeanette
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